Guidewire Software Inc (NYSE:GWRE) insider Michael Polelle sold 209 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $61.01, for a total value of $12,751.09. Following the transaction, the insider now directly owns 209 shares of the company’s stock, valued at $12,751.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Polelle also recently made the following trade(s):

  • On Thursday, July 14th, Michael Polelle sold 208 shares of Guidewire Software stock. The shares were sold at an average price of $63.84, for a total value of $13,278.72.

Shares of Guidewire Software Inc (NYSE:GWRE) opened at 58.00 on Wednesday. The company has a market capitalization of $4.24 billion and a price-to-earnings ratio of 290.00. The company’s 50 day moving average price is $61.60 and its 200-day moving average price is $58.76. Guidewire Software Inc has a 52 week low of $42.32 and a 52 week high of $64.78.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business earned $141.18 million during the quarter, compared to analysts’ expectations of $136.09 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Guidewire Software’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts anticipate that Guidewire Software Inc will post $0.76 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. acquired a new position in shares of Guidewire Software during the second quarter valued at $124,000. Bank of Montreal Can acquired a new position in shares of Guidewire Software during the second quarter valued at $159,000. Societe Generale acquired a new position in shares of Guidewire Software during the second quarter valued at $200,000. Murphy Capital Management Inc. acquired a new position in shares of Guidewire Software during the second quarter valued at $228,000. Finally, Calvert Investment Management Inc. acquired a new position in shares of Guidewire Software during the second quarter valued at $235,000.

A number of brokerages recently commented on GWRE. Deutsche Bank AG reissued a “buy” rating on shares of Guidewire Software in a research note on Monday, August 1st. Zacks Investment Research lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. TheStreet raised Guidewire Software from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, September 8th. Finally, Citigroup Inc. increased their price target on Guidewire Software from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.14.

Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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